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BlackRock, Inc. Message Board

dividendbill 579 posts  |  Last Activity: 3 hours ago Member since: May 26, 2013
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  • With that big sledge hammer as he exposed him to the fraud that he really is. Of course that will not stop his harassment of various board posters, but if anyone has any sense at all they will place him and his other IDs down as irrelevant.

  • This is just ONE MORE REASON why BAC that while praised as a very good stock by some is in a lot of TROUBLE.......I call this a warning!


    Bank of America Corp. has been fined $1.3 billion after being found guilty of a Countrywide scheme to sell suspect mortgages to Fannie Mae and Freddie Mac.



    Already found guilty after a trial, Bank of America Corp. (NYSE:BAC) is now being ordered to pay a $1.3 billion fine as its penalty in a civil mortgage fraud case, according to Bloomberg.

    The fine handed down by U.S. District Judge Jed Rakoff is the result of a case now known for Bank of America's so-called "The Hustle" mortgage program, in which individual loans made at Countrywide Financial were rushed through a "High-Speed Swim Lane" or "HSSL" and sold to Fannie Mae and Freddie Mac.

    BofA was found liable in the defrauding of Fannie and Freddie last year, following whistleblower testimony in court detailing how the mortgage giant instructed employees to quickly push faulty loans off the bank's balance sheet and into the hands of investors.

    BofA bought Countrywide in 2008 and assumed its legal liability.

    Federal prosecutors originally sought more than $2 billion in penalties after the court ruled against BofA. But the Charlotte-based bank objected to the amount early this year.

    BofA says it still doesn't agree with the fine and could appeal.

    Have an AWESOME DAY.

  • I would like to thank everyone for the lively discussion. At least in my mind it was refreshing to understand everyone's positions concerning using MLPs to enrich their portfolio, and while everyone's position was different, the ideas as to why they are better than most other investments. There is some concern about the effect of rising interest rates and with the reorg of KMP into a corp. For many of us that have 30+ MLPs there is some talk about changing the general makeup of the portfolio and to that I agree. I will be taking most of my distributions and funneling them towards higher yielding stocks which will generate taxable earnings for me. I also may look at some Munies .

  • Reply to

    you geniuses who have owned EMES

    by memshurama Aug 25, 2014 1:34 PM
    dividendbill dividendbill 23 hours ago Flag

    Lucky is when you win the Lottery! I do not think you would have invested if there had been some idea on if it would go up. While I am surprised at the strength of the stock it just represents what works in the oil fields
    I have been in since the low 40's and sold 1/3 at 120% up only to remove my total investment. Funny thing about HCLP and maybe a stupid thing on my accord. I invest and use goals for return and invested in HCLP in January of 13...so 6 month later took the 2 dividends and sold it for a $2 dollar profit. ( always a better investment elsewhere) So I came back with a 1000 shares in June at $52 and while not the performer EMES is (YET) I am quite satisfied. My goal setting is a system I work at and while it did not work n the initial investment I suppose I saw the advantage but it just did not come fast enough. That is the reason I was not in EMES earlier but have no real complaints. I am set on EMES and will pick up some more HCLP on pull back.

    I am big time into in my view into MLP's Took a 300 unit on GSJK Aug. 19th as it is a wellhead compression MLP, and after expense went positive for me last week 42% 1 year. A short time but already meeting goals.
    We will see.

    Good luck all!

  • dividendbill dividendbill Sep 1, 2014 9:08 AM Flag

    Just as a followup I now have good cell signals, but appears to be intermittent at best, my best guess is some of the towers suffered some disruption due to the earthquake. Almost 6:30 AM here and when I got up about an Hour ago I saw strong signal. I would imagine there would be less disruption to users to work on any problem overnight but only a guess on my side. Just in case there is a residual effects I believe we should still use the land line. I will when I have time look into this Go to meeting option that I see advertised all the time. This may be a viable alternative for future use. Somethings I want to discuss and get feedback on how we should proceed with the kmp reorg. Since we are all about the same time frame because of the Copano sell out in May of 2013 there will be money coming to us to pay the taxes. Everyone has a different amount of units and so some will have different amounts to receive after taxes, but looks like we will be about $6.50 +per unit all said and done. I have been asked about ABCAF and Fairmont Minerals and if they are going to IPO, or continue to lag. Currently it appears that they want to get something done to catch the frac surge, but as a Canadian company this may take awhile, although I believe Fairmont is headquartered in the US. Have not really researched it.

    Talk to you soon!!

  • Cell phone service is currently down, so the CC tomorrow will go down at 8 am my time we will use my land line and the password is MONEY. If that service is also down send me an e-mail or if you are not on the call I will send you written information.

    Last week's accumulative totals exceeded the best week we have experienced in a long time, this of course was helped by the 2 for one split of EPD. As most of you know the KMP change for many of the unit holders can bring about a major tax payment for the long time holders.Based upon what I know the 10.77 payment per unit should cover the taxes we all owe and will amount to about $4.60 per unit. We of course will also get 2.1 shares of KMI for each unit of KMP. We are also expected to get the last dividend payment of at least $1.39 per unit before it closes. They have also indicated that the dividend payment will be .50 a share and since you will have slightly more than double the shares of KMI you will be short on your dividend payment about .25 cents. The have also stated that the dividend will be increased 10% a year through 2020. For the very long term holders they could be paying as much as $30 per unit in the deferred taxes. This has upset many holders as they had planned on holding until death thus never paying any taxes. Some of these people need to take a deep breath and understand that the taxes could only be deferred. And if they were held in an IRA or a ROTH, there really is no impact until they have to start taking RMD and if handled correctly the CB starts all over at the new calculated CB. I can explain how it works tomorrow. For the uneducated or for those who think they KNOW, they DO NOT.

    Talk to you in the morning!

    Bill

  • Reply to

    Bill

    by rolling_stone1211 Aug 31, 2014 5:32 AM
    dividendbill dividendbill Aug 31, 2014 12:30 PM Flag

    Stone, good to hear from you, it has been awhile and happy to hear you are recovering. I know that it is a long way back but from what you say you are on the down side.
    Well I was going to go but the Earthquake last week and the after shocks have disrupted the operations enough that the business comes first. We had another 3.2 after shock last night and suffered only some minor glass breakage on the line. This would not have happened had we had them boxed since we only run 2 shifts on the line and the majority had been boxed + the last shift finished Friday night about 7 PM. But our mistake was not to box the last 24 bottles. Like they always say you learn from your mistakes, and since it has been a long time since last major we thought we were OK. The floors are wooden as well and while the initial fall most likely did not break them the rest falling on the first ones caused the breakage. I did see the game on TV and look for the season to be disappointing unless West Virginia is that good! They seemed to be able to move the ball and especially that 80 yard bomb indicated they have to work on their coverage. No one was any where near the receiver. Quite frankly with the number of players they lost they were not able to replace them. I see the AP and USA still have them ranked as #2 but I really do not see any improvement. While I always like to see my team win I realize I cannot see them win every game, if they did always why PLAY.

    Nice to hear from you. BTW: your SYNA is doing very well! I only have 200 shares as it is a non-dividend stock but your advice is spot on I do have an 8% trailing stop on it.

    Bill

  • dividendbill by dividendbill Aug 29, 2014 12:23 PM Flag

    What a way to end the week...maybe I can stretch out anothe couple after lunch on the east Coast.

  • dividendbill by dividendbill Aug 29, 2014 12:17 PM Flag

    Looks like you have been posting the facts instead of some lackluster posting about failure and inability to even post TRUE 52 week highs..........Frustration and lies seem to dominate...LMAO

    John, Have a nice weekend....I am out of here....fly the flag and remember lies are not worth remembering ....
    Let them search for that pot of GOLD.....They will never find it as I have IT! LMAO

  • Reply to

    Hey pirate

    by leegs1 Aug 28, 2014 5:03 PM
    dividendbill dividendbill Aug 29, 2014 10:00 AM Flag

    I could agree with that, but would think earlier rather than later because of the sharp run-up.

  • dividendbill by dividendbill Aug 29, 2014 9:43 AM Flag

    Eaton Vance Enhanced Equity Incm. Fd. II
    (NYSE:EOS)

  • dividendbill by dividendbill Aug 29, 2014 9:41 AM Flag

    Enterprise Products Partners L.P.
    (NYSE:EPD)

  • Emerge Energy Services LP
    (NYSE:EMES)

  • dividendbill by dividendbill Aug 29, 2014 8:07 AM Flag

    Do you know what your investment strategy is today, or like normal are you just going to WING IT.
    Remember Monday is the Holiday ....Get your trades in Early so you can enjoy the weekend.

    Have an Awesome day!! Some of the detractors will not of course; because they are worried about ME! LMAO.

    We all wonder which FANTASY trip they have planned for this weekend? May I suggest a Suite overlooking the Mass Pike where they can watch the players fielding baseballs in the middle while dodging cars. Between Shady , John and Dave they pretty much NAILED IT! LMAO

  • MLPs have been outperforming the market for years. Since January 2007 the Alerian MLP Index has a total return of 75.87%, more than double the 35.64% return of the record-setting S&P 500 over the same time. Unlike dividends, the majority of income investors get from MLPs is not taxed when they are received; instead, it's considered reductions in the investment's cost basis and creates a tax liability that is deferred until the MLP is sold.
    Because of this unique tax loophole, investors who hold MLPs for the long term can completely avoid paying taxes on 80%-90% of the distributions they receive.
    While this is an issue that many would like to conceal, the information is readily available to research if you know about it.
    However, because their income is not taxed at the partnership level, the government limits the kinds of businesses that can use the MLP structure. It's restricted primarily to operations engaged in the extraction, storage, and transportation of energy commodities, which are deemed essential to the U.S. economy and national security.
    As a result, MLPs derive 90% of their income from natural resources - primarily oil, natural gas, and coal production and transportation. Two especially attractive businesses for the MLP structure are pipelines and ownership of existing oil resources. Pipelines generally charge a fixed fee per unit of product carried, so they earn a steady return that can safely be paid out to investors.
    Like any investment, better understanding the risks associated with MLPs will lead to higher returns. MLPs by nature are subject to price sensitivity to the underlying natural resource, be it oil, gas, coal, or another commodity. The impact is typically not as severe for MLPs, as it is with some energy companies, since energy products still have to be shipped, providing steady revenue for pipeline and transport companies, regardless of the price of oil. existence. Every investment is geared towards your financial objective.

  • But a lot of money riding out there with no assurance of success

    I told you and it led to a $7.61 pop today. I personally think it's too big a pop without a pullback so watch carefully as I expect a pull back, especially if things heat up in the Middle east and Russia. I would take it off after a .70 cent drop as it is really free money, especially since they do not pay a dividend remember it would be a short term CG. I would continue to hold if it goes up but would use a 70 drop as a flag to vacate This could be a really good stock if they had a dividend, still maybe a 4500 gain after taxes per 1000 shares

  • dividendbill by dividendbill Aug 28, 2014 4:51 PM Flag

    With MWE setting a lifetime high
    And EMES setting a lifetime high

    What's not to LIKE

    Oh, and we got the bottle line working.......Awesome

  • Reply to

    OT: Dividend Bill

    by wallstpirate Aug 28, 2014 11:57 AM
    dividendbill dividendbill Aug 28, 2014 4:00 PM Flag

    While my view is positive, this has only been strengthened by the split. The have very good DCF and they have a good management team, they have no IDR which is a big plus they have been allowed to export minimally processed condensate. Only one of 2 BTW allowed to do that . As the oil keeps rolling in there will be a big push to export other peritoneum products. Currently NG terminals are being built which will allow future NGLs to be exported. When that happens My belief is the Unit price will explode down the line either they will get larger or some other mlp will take them out.
    Like any thing else it takes research on your side, its your money and if it is bought by you and it DIES, I lose nothing..
    EMES .........A split, just speculation MLP is just a year old, while they can split MLPs as a rule do not.But it would work for ME
    I will tell you why.
    They were corporations
    I have participated in 7 splits and all turned out positive for me as they all doubled in price. Not true in other cases..
    Hope this answers your questions

    Have an Awesome day!

  • Reply to

    OT: Dividend Bill

    by wallstpirate Aug 28, 2014 11:57 AM
    dividendbill dividendbill Aug 28, 2014 2:25 PM Flag

    I put it on my watch list. nice YTD chart. All money currently spent unless I sell something, and for me I have to read every bit of information I can find on it. Thanks for tip

  • Reply to

    OT: Dividend Bill

    by wallstpirate Aug 28, 2014 11:57 AM
    dividendbill dividendbill Aug 28, 2014 2:23 PM Flag

    Not sure of the question, unless you are talking about the split..I good with that because it should lengthen the deferred dividends, and I expect it to continue upward hopefully with the same dividend. No guarantees, but there is hope.

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